Meteora (MET token): Dominating Solana's liquidity with a boost from Binance
Meteora builds a native liquidity platform on Solana, combining a dynamic AMM toolkit with a launchpad to optimize capital efficiency for liquidity providers and new projects. The project creates a sustainable liquidity environment, seamlessly integrating with routers like Jupiter through Zap, making it easy for users to participate in pools.
As of September, Meteora has processed over 180 billion USD in DEX trading volume, increasing its market share from 6% to 12% on Solana. The platform ranks third globally in 30-day volume, only behind Uniswap and PancakeSwap according to DefiLlama.
Inherited from Mercurial Finance, Meteora has been restructured to emphasize the LP Army community and the dynamic fee model.
Main advantages: High capital efficiency thanks to DLMM and DAMM. Challenges: Dependence on memecoin cycles and Solana volatility. Current position: One of the largest DEXs on Solana with stable TVL.
The project's revenue increases with volume and volatility, reaching about 28 million USD in Q3.
LP Army pillar: A community of over 175,000 active addresses, with 74% of users returning, providing stable liquidity and new seed pools through Discord with 13,000 members. Creating a self-reinforcing loop: high liquidity leads to larger volumes, increased fees, and an expanding community.
Launchpad pillar: Supporting over 422,000 token launches through DBC since April, charging higher fees but on a cycle. Integrating 14 cross-industry partners such as Believe, PMX.Trade, and Collateralize for real asset tokenization.
